Overall Technical outlook

Price Summary

On 2025-08-13, Chennai Petroleum Corporation Limited's stock opened at 663.75, reached a high of 664.7, dropped to a low of 649.6, and closed lower -1.88% at 651.25, with a trading volume of 318726 shares.
Over the past year, the stock's highest price was 1016.75, and its lowest was 451.6.

Technicals

Support and Resistance: The price for CHENNPETRO at 651.25 finds support at 641.15 and resistance at 684.05. This suggests a trading range, where 641.15 serves as a support level and 684.05 acts as a resistance point, potentially capping further gains.
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Support/Resistance for CHENNPETRO


Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher.
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Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Chennai Petroleum Corporation Limited. This suggests a period of market balance, where neither side is showing dominance.
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Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages signals a bearish trend, which is reinforced by their downward slopes. The consistent decline in these averages suggests that the market is entrenched in a bearish trend. This alignment and the reinforcing slopes indicate a continuing bearish trend, with the market likely to maintain its downward trajectory for the foreseeable future.
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Tripple SMA chart for Chennai Petroleum Corporation Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.